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Bank of England recovers from IT issues

The Bank of England (BoE) has resolved its technology communications problems following a regular internal IT update yesterday (25 January).

The bank says it experienced intermittent issues. At that time, it implemented workarounds to enable it to operate as normal. It didn’t go into any lengthy technical details on what happened. Guess they’re too busy working out what the hell went on and getting it fixed.

BoE says today (26 January): “Systems are now working normally although there is some catch-up work to complete.

“We expect to be able to process business as normal today (26 January) but in order to catch up from yesterday, wholesale counterparty transactions may be dealt with somewhat later in the day than usual.”

It adds that the real-time gross settlement (RTGS) service and the CHAPS system continue to operate as normal, and “as was the case yesterday – the general public will see no impact on any of their banking services”.

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